Qinshang Optoelectronics received a financial subsidy of 17.68 million yuan

Qinshang Optoelectronics announced on the evening of February 1st that the company recently received a subsidy of 7.68 million yuan from the Dongguan Municipal Finance Bureau for the special fund subsidy of the company for the company's high-power LED streetlight renovation project in Dongguan; the Dongguan Municipal Finance Bureau allocated the company's financial subsidies. 10 million yuan for new high thermal conductivity LED package substrates and modular light sources.

The company received the above subsidies for a total of 17.68 million yuan. According to the accounting standards, the company's subsidized subsidy of 7.68 million yuan will be included in the non-operating income when it is received. Another 10 million yuan is included in the deferred income and the self-related assets are available for use. The average distribution of the relevant assets during the useful life (according to the company's fixed assets depreciation policy is estimated to be ten years) is included in the non-operating income. The progress of the new high thermal conductivity LED package substrate and modular light source project estimates that the subsidy will not have a significant impact on the company's 2012 earnings.

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